Myanmar Imposes Life Penalties on Crypto Scammers

Myanmar's Parliament has passed an anti-online scam bill that includes penalties of up to life imprisonment for crypto scams and operating online scam centers. The Pyidaungsu Hluttaw, Myanmar's combined Parliament, approved the bill in its entirety on Tuesday after resolving differences between versions previously passed by its two chambers.

The legislation aims to curb a growing cyberscam industry that has turned parts of the country into hubs for online fraud. According to Lower House MP Aye Chan, the final version retained the death-penalty provision and there were no significant changes to the draft's important provisions.